1 #ReadyToGo to Zimbabwe without leaving home?  Obama 2012

2 That's gonna leave a mark


"Might want to put some ice on that"

3 To hell with jobs.  What about poor Seamus, suffering in the slipstream?

4 Can you just let me finish my dog waffle?

5 I bet the letter was on WHITE paper, the RAAAACISSSST kind of paper. FYI.

6 Well that will leave a mark with the 8 people who still read newspapers at least.

7 Hum, my name clipped off.

8 I believe that black male employment is still at the lowest level ever recorded.

9 I don't know who is running the Romney campaign, but it seems like they might have some actual stones, and an idea of how to take the fight to the enemy.

So far, I am more impressed with the Romney campaign then I thought I would be.

*Grabs popcorn*

10 And yet my libtard, true believer relatives on FB still say that it is going to take much more than 4 years to dig out of an 8 year hole.

11 I like this, from Romney. ....Taking it to Barky. ....I like it. More, please.

12
PS - Where's Bo?

13 Today in SCOAMF's speech, he said something like, "We learned in 2008 that if enough people call for change, change occurs."

Romney's people just need to play that, verbatim, and put a "Romney 2012" graphic on the end of the clip.

14 Seen on the back of a pick up truck near Gettysburg PA today. *picture of Obama* Does this Ass make my Truck look Big?

15 How about just comparing the "unemployment figures" and the actual employment figures and pointing out that the administration is "lying with statistics." I mean, we can say it all day long, but a lot of people aren't going to hear that. Rombley needs to say it (maybe he has and I missed it?).

16 Some idiot's goona come in here real soon and .... BOOOOOOOSH !!!!! Thank me later for getting that out of the way .

17 And yet my libtard, true believer relatives on FB still say that it is going to take much more than 4 years to dig out of an 8 year hole. Considering the UE was 5.0% in April of 2008, it's at worst a 4 year hole, 3 1/2 of which have been on Barky's watch. http://data.bls.gov/timeseries/LNS14000000

18 If he can keep this up for the next six months I do think he'll be in good shape.

The RNC came out with their own slogan this week -- "Hype and Blame".

I'd put that on a bumper sticker.

19 Undoing the damage you've done will be a daunting challenge. Did he say that?! He really wants my vote!

20 "Our taxes are too high, and our government is too big. I will cut individual tax rates by 20 percent across the board to jump-start job creation, grow the economy and help Americans keep more of their hard-earned dollars. I will reform a corporate tax system that drives American jobs overseas. I will slash the needless regulations that crimp our energy supply and inhibit so many different kinds of businesses."


I just felt a tingle.

21 Call me Pollyanna, but I like everything about this.

If this is the conventional wisdom that you run to the center in the general, I am cautiously optimistic about a Romney presidency.

And don't rain on my fucking parade for at least 25 comments.

22 13 Today in SCOAMF's speech, he said something like, "We learned in 2008 that if enough people call for change, change occurs." Posted by: The Q at May 05, 2012 05:10 PM (LnQhT) Hey, gas prices changed. The number of people who have run out their unemployment and are no longer eligible has changed. The number of criminals in the administration has changed. Heck, Obama's done so much damage to the economy, it's actually reduced illegal immigration. Big round of slow clapping.

23 I'm with you, CBD.

24 Posted by: toby928© at May 05, 2012 05:05 PM (NG097)

So you want to go back to the full employment of the antebellum South.

Racist!

25 my libtard, true believer relatives on FB still say that it is going to take much more than 4 years to dig out of an 8 year hole. You might want to clue them in that digging is what got us in to the hole in the first place. More digging, as Obama has proven in spades, does not help.

26

The chart-fu is strong in those graphs in the  "actual unemployment" link that Ace includes above.

 

Now that is exactly what I've been wondering about. .....How do we show that things are really much, much worse than the bogus 'Unemployment Numbers' that the Barky administration is cranking out. .....And there it is.

 

It would be great if JohnE took that data and created some of his knockout graphics with it.

27 Call me Pollyanna, but I like everything about this.

If this is the conventional wisdom that you run to the center in the general, I am cautiously optimistic about a Romney presidency.

And don't rain on my fucking parade for at least 25 comments.


It moved.

28 10 And yet my libtard, true believer relatives on FB still say that it is going to take much more than 4 years to dig out of an 8 year hole. Posted by: Truck Monkey at May 05, 2012 05:08 PM (jucos) Did you let them know what kind of a person tried to get out of a hole by digging it deeper? Or at least tell that that digging to get out of a hole says everything anyone needs to know about liberals?

29 Nice start. Needs to keep pressing economic issues.

30 Further, if digging got us into the hole, how is digging harder and faster- at Unprecedented! rates- going to help? Or, as I recently saw, if the door says "Push", what makes you think that pulling harder will work?

31 Dig up! Dig up!

32 I would like to know what policies or illegalities CAUSED the economic crisis and who they are and WHY no one has been held accountable? I haven't heard a cogent explanation for how we got to that point in the first place. Of course I've only listened to politicians and new readers so that's probably the problem there but I haven't heard any consistent answers. Why not? What or who did it and what did they do wrong? If it's Bush, fine let's have that conversation, if it's oil or real estate speculators, ditto. Same with the investment banks and stock brokerages. Let's hear the answer.

33 Aw come on Mitt, he's right in the middle of chowing down a dog leg BBQ and you harsh his mellow. sheesh

34 Obama 2012 - Hope And Change...Is All That Will Remain In Your Wallet

35 More digging, as Obama has proven in spades ISWYDT, also Racist!

36 that's news readers. Hey. I just got on.

37 Charlie I have been becoming  slightly more optimistic also, He seems to not be too shy about directly confronting Obama's failed policies.

38 Hope in one hand and change in the other. See which one fills up faster and gets you a ride on the bus.

39 Barry inherited a mess from previous administration he can't fix in 4 years, but policies put in by previous administration had nothing to do with killing Bin Laden in 2. Got it, thanks.

40 Ha! Crazy cons. Everyone inside the beltway says I'm a shoe-in.

So suck it!!

41 As long as he doesn't back down or squish when the usual suspects start calling him a racist or whatever.

42 I like the tactic. He campaigns incessantly and has to publish a schedule to pretend it's Presidential business, so you get a chance to place a few local ads for the morning of his arrival. A million taxpayer dollars wasted by him, $10,000 by the Romney campaign. His own galavanting could help spread the word of his SCoaMFiness.

43 Mittens is a fighter who, I believe, won't be shy about taking the fight to Barky. I still don't like him, but I would crawl across a mile of crushed glass to vote for him simply to get rid of JEF.

44 To be fair, if Romney gets elected look to hear him whine about the economy he was handed. Course he'll be justified in his displeasure.

45 Mormons will do what it takes to win when required, and I like it in this case. 

I've sent a little change ($) his way - I've got to, what choice is left (I've got sons that will grow up here)?

Can't imagine 4 more years of this red diaper baby marxist low-SAT nitwit as president - and he'll be totally uninhibited (since no election is pending). 

America won't exist as we know it - and that is what these commies want.

Romney...not the staunch conservative I would like, but he's our guy and we have no choice to get marxist out of the white house.

it is what it is.

46 To be fair, if Romney gets elected look to hear him whine about the economy he was handed. He won't have time to whine, the papers will beat him to it.

47 We'll be back.

48 To be fair, if Romney gets elected look to hear him whine about the economy he was handed.

Course he'll be justified in his displeasure.

Posted by: Bitter clinger and all that at May 05, 2012 05:25 PM (CP+yl)

I am 'hoping' He already realizes the depth of the economic crisis and already Has plans to tackle the issue , as Soon as He wins Office.

49 We'll be back. Posted by: The Homeless at May 05, 2012 05:26 PM (NG097) ---------------------------------------- Don't forget us.

50 If he doesn't put Rubio in the V.P. slot and can stay away from the Dream Act. If he can keep from being too nice a guy and shoot back at the JEF when he and his minions (legacy media I'm talking to you) make up stories and fuss about nothing, then maybe he's got a chance. React to the B.S. and keep banging on the four year failure of Obama.

51 "Romney has yet to do the things it takes to finally heal the economy!"

52 I would like to know what policies or illegalities CAUSED the economic crisis and who they are and WHY no one has been held accountable?
I haven't heard a cogent explanation for how we got to that point in the first place.Posted by: Bitter clinger

It's a big mistake by the GOP not to come up with a coherent summary of the Credit Crunch and why the bullshit Compassionate Conservatism only aided the Left's march into financial oblivion.

Romney could pull of a 'Nixon to China' of attacking the confluence of Wall Street and Big Government but he doesn't seem interested in diving into that mess.

If he would go a little populist it would expose a gaping gash under Obama waterline.

53 39 Barry inherited a mess from previous administration he can't fix in 4 years, but policies put in by previous administration had nothing to do with killing Bin Laden in 2. Got it, thanks. Posted by: Ezra's Equal at May 05, 2012 05:23 PM (/VNmI) That's like Item #1,234 on the list of leftist hypocrisies. No one can keep track of them all.

54 I have a feeling the press will find us too.

55 Obama= focused like a lazer...

56

We add a bit over 1.5 million people a year due to the 'birth/death' balance in the US...

 

We add a bit over 1 Million LEGAL immigrants per year, 80% of which are working age.

 

So we need to create about 2.5 Million jobs a year, just to stay even...

 

Sooo... even though we are at about the same AMOUNT of people working in the US, as in 2009.... since we've added 7.5 Million people... the percentage of people working.. is lower....

 

We also need to stop looking at 'seasonaly adjusted' numbers... when looking at long term statistics... seasonaly adjusted means they are F'n with the stats, and unless the adjustment (which they don't give normaly, you have to dig) is the same year to year... it scews the data...

 

The RAW data is out there... but like the current 'inflation' numbers... BOTH parties really don't want to talk about how bad it is... because they'll ALL loose their jobs...

57 Charlie I have been becoming slightly more optimistic also, He seems to not be too shy about directly confronting Obama's failed policies.


I remember watching the video of him telling the birth control moocher, "If you want free stuff, vote for the other guy."

It seemed very difficult for him to disagree at first, as though he equated it with being disagreeable, but he seemed to catch some momentum as he went on. He is rolling.

58 Romney 2012 - Change . . . Your Mind?

59 I'd like him to expand it a little. The SEIU sign holders have 'jobs'. How about "Where Are The Jobs, The Businesses, The Industries? Where Is Commerce?" And then hand out bumper stickers. Obama 2012 - Got Dog?

60 Wow Capt Ed is a genius. Did he think that up all by himself?

61 "It's past time to close Gitmo President Romney!"

62 Yeah it's like Obama actually running from the hit of the crisis in Sept ---On the Economy, and tackling the deficit  (line by line) .

yeah He meant it .
if he did He absolutely was not capable , and his hired staff had ideas of their own.

63 Gas is as big an issue if not bigger than jobs. Mitt shoulda mentioned that too. Did he? I dunno.

64 I distinctly heard the word "boy" at the end of that letter!

65 He seemed to pick up momentum when that bitch Rosen attacked Ann.

They need to keep her front and center. Despite the media's attempts to make her look like Imelda Marcos, she's extremely likable.

66 It's a big mistake by the GOP not to come up with a coherent summary of the Credit Crunch and why the bullshit Compassionate Conservatism only aided the Left's march into financial oblivion. Posted by: weft cut-loop at May 05, 2012 05:28 PM (ebPtk) Dozens of Congressmen and Senators have done that on the floor and in interviews, written articles, Fox News specials... Down the Memory Hole. One of the biggest problems with either Clinton or Obama is the sheer number of scandals and the fact that the new ones wipe out the old ones before anything is done. That's the M.O. of the left during my lifetime. And that kind of *is* the fault of the GOP, because they don't bulldog these issues, instead they're more like wire-haired terriers with ADD.

67 "Why hasn't the price of a gallon of gas come down President Romney?"

68 Let's hear the answer.

Posted by: Bitter clinger and all that at May 05, 2012 05:19 PM (CP+yl)

 

Housing bubble with MBS, CDS, banks leveraging at 50:1. Absolute corruption on the finance industry. Liar and NINJA loans that all payed a commission to the lending dude. An orgy of corrupt and irresponsible pratices...and the tax payer bailed them all out. At the very least the ones who knowingly put all those flakey loans in MBS and then rated them AAA, should all be burned at the stake.

69 They need to keep her front and center. Despite the media's attempts to make her look like Imelda Marcos, she's extremely likable. Posted by: laceyunderalls at May 05, 2012 05:33 PM (nACz1) Yes, the GALL of that rich woman, spending a third of what Michelle did on an outfit! Wait, what? Have I mentioned that I hate reporters more than just about anyone, because they're spiteful lying hacks?

70 An orgy of corrupt and irresponsible pratices And the trigger, though not the cause, was rising fuel prices.

71 9 I don't know who is running the Romney campaign, but it seems like they might have some actual stones, and an idea of how to take the fight to the enemy.

Could it be..........Romney

72 Is it really a lie when the country will benefit from it?

73 Posted by: Merovign, Dark Lord of the Sith at May 05, 2012 05:28 PM Awful hard to keep up. That roughly 50% of the public but this bullshit seriously troubles me.

74 Ron Paul supporters are still holding onto hope and they will be a nuisance at the convention. But my soothsayer senses are telling me that Ron Paul will endorse Mitt well before the conventio.

75 "The unemployment rate and why it hasn't receded." On the next edition of 60 Minutes, Leslie Stahl will tackle this issue head-on as well as the other hard hitting issues facing the country in an exclusive interview with President Romney.

76 I would love to see Romney follow this up with something like "This is the Keystone Pipeline"  *insert picture*  "This will save x hundred thousand current jobs, create x hundred thousand more and help us on the path to energy independence.  President Obama flatly refuses to approve this.  These are shovel ready jobs.  Ask President Obama why he would rather Canada sell their oil to the Chinese then create American jobs."

77 "Why America has proven to be a racist country."

78 President Romney: Did you ask Obama that? Stahl: No Romney: Was it because he was Black?

79 Prediction: a new meme is about to begin. We will hear Obama described as 'conservative on many issues.'

80 UE under Romney could stay at 8% for a long time. That would be awful for a whole lot of people. And yet.... he wouldn't spent $780 billion to make that number go higher.

81

Posted by: Bitter clinger and all that at May 05, 2012 05:19 PM (CP+yl)

 

How did it happen?  IMO there is a structural problem with the current Banking system, and oversite... and one which has not, and will not, be fixed.

 

Banks use Fractional lending, to lend more money than they have assets, based on the idea that only 'so' many of those loans, will default.  So if one in 10 default, they have to keep enough money to cover that 1... while reaping the profits from the others.

 

When the Housing overprice bubble collapsed, the 'assets' they were using to cover all the loans, were suddenly not there... so the house of cards was about to collapse.

 

Add in that the paper trail on those mortgages was not clear... as we found out when people were foreclosing on properties?

 

So the Government stepped in, saying they were going to 'buy' up those troubled assets.... but did not.  They gave the banks a bunch of non interest (Fed Res) and low interest (TARP) funds, which the big banks used to buy up the smaller banks....

 

The banks then did NOT foreclose on many of the properties they should have... and so did not take the financial hit (on paper) they should have.  Many many people are living in houses they have not paid mortgages on for over a year or more...

 

So,  almost 4 years later, the 'bubble' caused by the housing, is being slowly deflated, instead of allowing it to burst... allowing the now much bigger banks, to post profits... based on loaning us money they get from the Fed Res almost 0% interest.

 

The other thing happening, is banks are using Fed Res low interest money, to buy US Gov Debt... which does gain interst.... prop'ing up the house of cards for as long as the Fed Res Bank continues to print money...

82

83 If you make it more difficult to hire people, you get less hiring.
It ain't rocket science...

84 "Top ten reasons why Mormons make bad Presidents."

85 Apparently, I have nothing to say.

86 Help President Obama take Washington back from the Insiders.

87 (ZOf1l)

Maybe they are funny maybe they are not, but sadly in this country I could go on all fucking day with these.

88 If you make it more difficult to hire people, you get less hiring. It ain't rocket science... Posted by: navybrat at May 05, 2012 05:42 PM (1mfrI) ---------------------------------------------------------- What's this I hear? Could it be....... Racist Dog Whistle.

89 Prediction: a new meme is about to begin. We will hear Obama described as 'conservative on many issues.'

If so, then I weep for Julia. 

90 And the trigger, though not the cause, was rising fuel prices.

Posted by: toby928© at May 05, 2012 05:37 PM (NG097)

 

Lehman Bros. going toes up caused its own panic in the industry.

91 This subject is the last thing the Obama campaign wants brought up for discussion. He is out of his depth, by leagues. He has failed, and Romney should hammer the point home that things will not improve with time because Obama is an active agent of failure. He must be removed and replaced with serious, competent leadership.

92 Romney apologized for "being blunt".  NO APOLOGIES!  Gloves off! Election is the fight of our life time.

Get tough and stay tough would be my advice to Romney.
 

93 Thiry Year Low That's not a rate or a ratio - it's the COUNT! Shout it from the mountaintops!

94 The media will never give up on Obama, even years after he's out of Office. He'll be a living equivalent to JFK, an exemplar of all things great about America, for decades.

95 Maybe they are funny maybe they are not, but sadly in this country I could go on all fucking day with these. Posted by: Samuel Adams at May 05, 2012 05:45 PM (ZOf1l) And you haven't even got to the Lyin' Press' rediscovery of the homeless in February 2013. Or the overwhelming rush to cover up the literal crimes in the Obama administration. The shining reviews of Holder's career upon his "retirement," for example. You know, we really need someone with insider knowledge and contacts who can dig up and publish dirt on reporters. I want to see them suffer, I really do.

96 buy US Gov Debt... which does gain interst.... prop'ing up the house of cards for as long as the Fed Res Bank continues to print money...

Posted by: Romeo13 at May 05, 2012 05:42 PM (lZBBB)

 

Part of the price spike was the result of them giving a loan to anyone with a pulse.

97 an exemplar of all things great about America, for decades. Posted by: Lincoontf at May 05, 2012 05:48 PM (hiMsy) ----------------------------------------------------- America can be fixed if we just let the UN get involved

98 "Why America has proven to be a racist country." Posted by: Newsweek, November 7th 2012 at May 05, 2012 05:41 PM (ZOf1l) We're all Racists Now.

99 So when things were so bad 30 years ago, who was President, wingnuts? You're just mad because Obama is another Reagan.

100 94 The media will never give up on Obama, even years after he's out of Office. He'll be a living equivalent to JFK, an exemplar of all things great about America, for decades.

Chris Matthews will be collecting his toenails and urine, while muttering to himself about tingles.

101 @92 Agreed, but Democrats already took out trademarks on "smart" and "tough". We're gonna have to crack open our thesauruses and find some synonyms.

102 It is the economy stupid 

103 91 This subject is the last thing the Obama campaign wants brought up for discussion. Posted by: tad blatherton at May 05, 2012 05:46 PM (MIZyQ) He'll just lie continually, and the press corps(e) will do their best to cover for him. Here's hoping they fail miserably and all go out of business.

104 Many many people are living in houses they have not paid mortgages on for over a year or more...

In the case of one of my neighbors, the bank didn't drop the hammer for over 3 years after he stopped paying his mortgage.

105 The media will never give up on Obama, even years after he's out of Office. He'll be a living equivalent to JFK, an exemplar of all things great about America, for decades.

Maybe he'll run for President of Europe...

106 And the trigger, though not the cause, was rising fuel prices.
Posted by: toby928© at May 05, 2012 05:37 PM (NG097)

Lehman Bros. going toes up caused its own panic in the industry.

Posted by: Hydrocarbon Liberation Front at May 05, 2012 05:46 PM (NVu2l)

*****

I just tell the headline readers who's eyes start to glaze if you explain too much to them, that you can't give $450,000 mortgage loans with low down payments to people who's household income never exceeds $50,000. Some of them start to understand after that.

107 So what happens when the all the TBills held by the Fed are simply repudiated? Instant inflation? Or has the inflation created by the growth in the dollar supply already occurred?

108 Here's hoping they fail miserably and all go out of business. Posted by: Merovign, Dark Lord of the Sith at May 05, 2012 05:50 PM (bxiXv) ----------------------------------------------------- We are unfamiliar with this "go out of business" business. What does it mean?

109 You know, we really need someone with insider knowledge and contacts who can dig up and publish dirt on reporters. I want to see them suffer, I really do.

Posted by: Merovign, Dark Lord of the Sith at May 05, 2012 05:48 PM (bxiXv)

hear,hear.

110 He must be removed and replaced with serious,competent leadership.

Even benign incompetence would be a major upgrade.  Obama is a malignancy.

111 The New Dollar is coming, btw. I continue to hope it will Reagan on it rather than Barry.

112 have

113 In the case of one of my neighbors, the bank didn't drop the hammer for over 3 years after he stopped paying his mortgage.<br />


I'm too lazy to look it up, but iirc, the wait to get a hearing for a foreclosure in NV and FL is over four years. That's after the bank gets around to filing.  Let's face it, many times strategic default is the rational choice. 

114 The New Dollar is coming, btw. I continue to hope it will Reagan on it rather than Barry.

Posted by: toby928© at May 05, 2012 05:54 PM (NG097)

Barack Obama will be the face of the new three dollar bill.

115

What happened to StanleyJ from the last thread? 

 

I was enjoying the troll bashing so much. 

116 Part of the price spike was the result of them giving a loan to anyone with a pulse.

 

Posted by: Hydrocarbon Liberation Front at May 05, 2012 05:49 PM (NVu2l)

 

Yup... economics 101... when you have more money available to chase a product, the price will rise.  The Gov, through its actions, made more and larger loans available... so Housing costs went through the roof.

 

Same thing has happened with College educations.  Costs have skyrocketed because too much loan money is available... so there is no competition.

117 Every recent survey that I have recently made up shows, emphatically, that 99.99% of all Ohioans not only dislike the President,  they also believe that he would not be able to get a shot off, without eating the ball, on any schoolyard in the state!

118 What happened to StanleyJ from the last thread?


Mom made Hot Pockets!

119

Posted by: toby928© at May 05, 2012 05:51 PM (NG097)  

 

Neither I suspect.  I'm unclear what you mean by "repudiated" T-bills.  If you're impling the Federal government effectively writes those off and never repays them, in theory wouldn't that cause a drop in the money supply? (Since the fed would then be unable to push more money.)

 

The hyper inflation is still a few years out simply because you need a recovery (and thus consumption) for the inflation to really get off the ground.  I have no idea where the piles of cash injected into the economy are sitting but they aren't being used yet. (And injecting more in won't change this.)

120 Posted by: Samuel Adams at May 05, 2012 05:55 PM (ZOf1l)


The "redbacks" have already been printed and are in a secure location in western Virginia. Red ink was chosen for obvious reasons as it works on many levels.

121 70
And the trigger, though not the cause, was rising fuel prices.

 

Posted by: toby928© at May 05, 2012 05:37 PM (NG097)

 

 Yup. It was. ....We are on a worldwide Oil Economy. ...Like it or not, it's true.

Someone upthread was unclear about "what happened" when the economy crashed. .....It was the spike in gas prices that triggered it.

Well, it was because of a long series of things dating back to Carter days.....but when the price of gas skyrocketed in '08, that was the last straw. ....People suddenly could not afford to pay their Mortgages, because of their long commutes to work.

 

And millions of dollars of people's 'disposable' income is still being sucked out of their pockets....and flowing into foreign coffers. ....This is the main reason why things are not recovering.

 

The price of everything has gone up, because of the continued high price of gasoline. .....Because it is used to produce food and goods....and then to transport those things to market.

 

When people can't afford to buy as much....then the jobs to make those things die away. .....Add this dire fact to the continued higher corporate taxes, higher minimum wage and higher regulatory burden that businesses face....and you have the current recipe for doom that we are watching play out.

 

And, of course....our dollar itself is shrinking and becoming worth  less, as the goverment prints more money in order to keep its  bloated self afloat.  

122 107 So what happens when the all the TBills held by the Fed are simply repudiated? Instant inflation? Or has the inflation created by the growth in the dollar supply already occurred?  

Posted by: toby928© at May 05, 2012 05:51 PM (NG097)

 

They won't be.  The Banks themselves have a vested interest in shoring up their only product (the dollar).  They will continue to buy US debt... and as the only oversite on the banking industry is the US Government???

 

So the Fed Res will continue to give the banks low interest money... so the banks can continue to buy debt.

 

And as an interesting note... those same Fed T Bonds ARE considered a fungible asset, and so can be used as the base for fractional lending...

123 "Dear Mr. President: Where Are The Jobs?"

I think they're out drinking Valu-Rite with 6,000 Empty Seats.

124 32 I would like to know what policies or illegalities CAUSED the economic crisis and who they are and WHY no one has been held accountable?

It would actually be a shorter list to list out what didn't cause the economic crisis. Basically, anyone who participating in either setting the housing bubble in motion or keeping it in motion was to blame.

The thing is though, in my opinion, that very few of the actions taken were actually illegal. Most of them turned out to be bets that went south or policies that turned out to be short-sighted.

That said, there were many commentators who pointed out that those bets were likely to go south and that those policies were short-sighted, but weren't listened to. While it isn't illegal to ignore people who eventually turn out to be right, those who did so should be impugned for their lack of judgment. But, if lack of judgment were a disqualification from having power, you'd send 90% of the members of Congress home for good. Ain't gonna happen.

125 I'm unclear what you mean by "repudiated" T-bills. If you're impling the Federal government effectively writes those off and never repays them Exactly. Our debt cannot be repaid. It cannot. Nothing makes the existence of the Federal Reserve Note, or the Reserve itself, or it's assets, sacred. The Legislature can do away with it in a Heartbeat, and replace it with something else. And I predict they will, when the pain of the debt service gets too high.

126 In The Godfather terms, Obama would be described as an infamita. The few of you get that are right now nodding your heads wit h a wry smile.

127 My rant:

Consider the following:
1) Mormons store guns and food "just in case".   Not kidding, just ask one.  Guns are good, always.
2) Their religion can be considered a little weird.. stones and a magic hat...whatever...but, OK...but does it affect me?
No, when they knock on your door unexpectedly, just tell them you're not interested, they'll go away.   They are really nice people - just odd...just like the SouthPark episode said.
3) Mormons love America - where else would they be allowed to exist?  Really...
4) Muslims hate America.   Sharia "law" is in direct opposition to the US Constitution.  There is no middle ground here - Islam and the US Constitution cannot coexist.
5) I'm not Mormon - just calling as i see it.

SO, i think Romney is by FAR the preferable guy vs. the red-diaper baby muslim marxist we have right now.  I wish Romney were more conservative, but at the margin, we've got no choice.

128 I have no idea where the piles of cash injected into the economy are sitting but they aren't being used yet.

That's because they never actually made it into the economy per se.  I think they're just funny money sloshed on paper onto bank balance sheets so they can cover nominal reserve requirements as bad mortgage loan "assets" shift over into the "liability" column as foreclosures are filed.

There's a lot of banks that would be declared insolvent if all this bad mortgage shit were being handled honestly.

129 I have no idea where the piles of cash injected into the economy are sitting but they aren't being used yet. Posted by: tsrblke at May 05, 2012 05:58 PM (22rSN) That's because you're not an Obama donor or bundler.

130 Our debt cannot be repaid. It cannot.

Currency devaluation is the traditional escape hatch.  I don't think we'll see hyper inflation, but $10 for a loaf of bread within 10 years isn't unrealistic.

A slow rolled devaluation of 50-80% over 10 years or so would be all it takes to give the long term debt holders a major haircut.

131 A thirty year low in the number of Americans working...and what is this in comparison to the Population? I bet the actual percentage compared to overall population is lower that it was thirty years ago.

132   Liberals hate Mormans especially BECAUSE they have a creed of being prepared and caring for their church community rather than depending on gub'mint.   That is a slap in the face to the state as god beliefs of liberals. 

133 The media will never give up on Obama, even years after he's out of Office. He'll be a living equivalent to JFK, an exemplar of all things great about America, for decades.

I disagree.  He'll be dropped by serious Dems as quickly as possible, and be shunted away to the loony quack faction of the party.  I can't wait for an Obama loss because you know there are plenty of staffers who are eager to spill whatever juicy tidbits they have about the sheer incompetence of this administration.  They'll spill it either to earn some money or to protect their own reputations by casting themselves as the voices of sanity while everyone else drank the Kool-Aid.

134 My take (as if it fucking matters.)
1) Lower corporate tax rates to between 15 and 20%.
2) Shut down the EPA and roll back most of the regulations.
3) Flat income tax rate of 10% across the board to all working citizens after $20,000 yearly income.
4) No more deductions on anything. Fill out a postcard proving you earned what you earned and send it to the IRS by April 15th.
5) Start selling off federal lands, to any local, state, or citizen entity with the means.
6) Drill, frack, suck, extrapolate, any and all fossil fuel within our contiguous borders.
7) No more goddamn mileage regulations on new cars. If customers want to buy Hummers and can afford them leave them the fuck alone.
Secure the southern border, use E-verify for employers, and deport any non-citizen staying here illegally if caught.
9) In response to #8, make voter ID mandatory through a new amendment to the constitution. (Should make a lot of folks, self-deport.)

135

Posted by: toby928© at May 05, 2012 06:02 PM (NG097)

 

Right so I covered that, theoretically it'd cause a contraction of the monetary supply (unless we're still going full tilt Keynesian, in which case the freed up money from our debt interest would be spent elsewhere I suppose, but that's all highly theoretical")

 

@128,

That explains QE1 and 2, and TARP, but there's a whole stimulas, that even if was embezzled should have ended up somewhere.

136 A thirty year low in the number of Americans working. That's not right. It's the lowest participation rate in 30 years, not the lowest number working. I mean, we had fewer people working last year than this so you know that's not true. http://is.gd/y26KQZ

137 There's a lot of banks that would be declared insolvent if all this bad mortgage shit were being handled honestly.

Posted by: Purple Avenger at May 05, 2012 06:04 PM (jtGyz)

 

Just imagine the banking melt-down if we required them to go back to mark to market.

138 He'll be dropped by serious Dems as quickly as possible
----------------

That's what I think, although it'll be

- he was too smart for his own good
- he was ahead of his time
- we didn't live up to his awesomeness

I also completely 100% predict a Black Studies theory that he was hand-picked by evil Whites as the first Black president because he was incompetent and doomed to fail. Yes, you will see it. He was selected early in his youth, the records of his incompetence were deliberately buried by the scheming Whites, he was groomed and encouraged and educated to "talk white" so he could win a national election, all by a cabal of White racists who knew all they had to do was drop the idealistic neophyte into the waters of the Potomac and he'd die of either boiling or drowning.

I'm seriously thinking of sending this to a bunch of Black Studies departments and seeing where it goes.

139 He's not really black, you know.

140 9 ) In response to # 8, make voter ID mandatory through a new amendment to the constitution. (Should make a lot of folks, self-deport.)Posted by: Samuel Adams

That kind of papers over a question; are you advocating a nation ID?  Seems frought with problems; states rights, Federal intrusion, etc.

141

Posted by: toby928© at May 05, 2012 06:17 PM (NG097)

 

I suspect Obama will blame that 30 year participation rate on a "Aging nation of Baby Boomers" next.  Not quite sure how to counter that because a discussion of the demographic makup on the US and how it has or hasn't changed over time) will likely bore the average voters.

142

Posted by: Purple Avenger at May 05, 2012 06:04 PM (jtGyz)

 

that... and a lot of money is sitting in Markets that are effectivly large betting pools.

 

Take... the oil futures market. 

April 23, 2010, the Chicago Mercantile Exchange (CME) Group reported a total trading volume of 608,421 futures contracts

Each contract is 1000 barrels... at $100 a barrel? thats $60,800,000,000 in ONE market, on a single day... gambled... of those contracts, only about 4% are ever actualy delivered as oil...  The rest is just money sitting around, in a virtual Vegas... producing nothing.

143 Samuel Adams at May 05, 2012 06:12 PM (ZOf1l)

What you said. YES!

144 Obama is a stuttering clusterf*ck of a miserable failure.

145 141:  I believe the participation rate is for people 18-65.   Of course the MFM will try to say that selfish Boomers are working longer and keeping jobs from the young or some such twaddle to cover for their SCOAMF.  

146

That kind of papers over a question; are you advocating a nation ID? Seems frought with problems; states rights, Federal intrusion, etc.

 

Posted by: weft cut-loop at May 05, 2012 06:21 PM (ebPtk)

 

I'm a small L libertarian... but on this?  IMO we should have a National ID tied to Citizenship, Voting, Passport, Drivers License, and a National Concealed carry Law...

147 That kind of papers over a question; are you advocating a nation ID? Seems frought with problems; states rights, Federal intrusion, etc.


I made it an amendment, so it has to be approved by a lot of states.

148 I'll bet an Obama Silver Dollar that he gets a huge monument somewhere, but I don't know where. Hawaii is doubtful because nobody will see it, so probably Chicago. He'd only score a DC monument if he goes 2 terms, and that ain't happening.

149

Now try to imagine McCain giving that speech.

I don't agree with the guy on everything, but Romney is competent. His campaign is going to slash Obama into tatters over the next six months.

The MSM may still drag their magical Negro across the finish line, but they're going to know they were in a fight.

150 I'll bet an Obama Silver Dollar that he gets a huge monument somewhere, but I don't know where.


Hopefully right outside The Leather and Fist Works bathhouse in Chicago.

151 Posted by: the new, improved arhooley -- now with 10% more cynicism! at May 05, 2012 06:19 PM (xqug+)

Possibly.  I was telling someone else the other day, the key is to understand that Obama is not a Democrat.  He's a Chicago Socialist who happens to run under the Democrat banner.  A lot of Dems are discovering this, and learning that his loyalties do not lie with the party.

152 I made it an amendment, so it has to be approved by a lot of states.
Posted by: Samuel Adams

Why not just have the states tighten up their own ID systems? Amendments should have a pretty high bar to jump before we declare it necessary. I think the first question all conservatives must ask when discussing an issue is something along the lines of, " A ) Does the problem rise to the level that only the Federal government can and should resolve it? B ) Is amending the Constitution the only way it can be revolved?"

Clearly most conservatives would stipulate that A ) has been fulfilled, but B ) is not a clear cut case.

153 Possibly. I was telling someone else the other day, the key is to understand that Obama is not a Democrat. He's a Chicago Socialist who happens to run under the Democrat banner. A lot of Dems are discovering this, and learning that his loyalties do not lie with the party.

Posted by: Alex at May 05, 2012 06:33 PM (EnhSM)

It looks like some of them are waking up to that observation.
He kicked off his campaign to a half empty stadium (Drudge headline)

http://tinyurl.com/cbecaxb

154

Posted by: PaleRider at May 05, 2012 06:25 PM (ITaIZ)

 

Ack 18-65! Then it's even worse than I thought.  I had assumed at least at some level that retirements and an aging population had played a part.  Well crap.

155 Half empty stadium. Clearly the vacant half is racist.

156 While not on the bag for Romney, I have always felt he will get vicious and negative to win. Case and point the primaries. Keep hammering away at the SCOAMF in easily digestible sound bites for the vaunted independents and continue to adeptly counterpunch the predictable Axelrod attacks. This could get fun.

157 I was telling someone else the other day, the key is to understand that Obama is not a Democrat. He's a Chicago Socialist who happens to run under the Democrat banner.
-----------------

There are so many dimensions to his game-playing. Black Americans claim him as their own. The professional race-mongerers will of course always see him as a Black person destroyed by Whites.

158 Maybe he'll run for President of Europe...

Posted by: The Mega Independent at May 05, 2012 05:51 PM
----------------

he'll be asking Valerie Jarrett for a job. srsly, where is there for him to go? All his lackeys will have sinecures, media jobs, consultancies. He's too big for all that, though, and being the ex-King of Hoohooland only lasts so long before people get sick of letting you crash on their couches and boring you silly at banquets.

159 I also completely 100% predict a Black Studies theory that he was hand-picked by evil Whites as the first Black president because he was incompetent and doomed to fail.
---

I have a slightly different spin.  Whitey knew the four years after the 2008 crash were going to be awful and set up the black man to be in charge during the catastrophe and take the blame for it.

160 In never understand that, "you inherited a mess" meme. Wasn't he a US Senator before becoming president? Wasn't he responsible for his portion of governing from that position? Why does he get a pss?

161 "I also completely 100% predict a Black Studies theory that he was hand-picked by evil Whites as the first Black president because he was incompetent and doomed to fail."
Already been trotted out there.

162
"More digging, as Obama has proven in spades, does not help."

RAAAAAAACISTTTT!!!!!11!!!

163

Financial types often point out that due to population increases, we have between 200k - 300k net new entrants into the job market each MONTH. US Census says that US population has been increasing by over 1% each year, so that 200k - 300k new net job entrants every month rings true.

In other words we need 200k - 300k new jobs to be created each month just to stay even. When Obama and his minions tout the number of "jobs created", I NEVER hear anyone point out that there have been over 7 million new entrants into the job market since Obama was elected. So "4 million jobs created or 'saved'" is a huge net loss.

When Bush was Prez, the population growth aspect of the job market was commonly pointed out. Suddenly under Obama, it's rarely mentioned

Where are the youtube videos of Pelosi decrying GW Bush's "miserable" unemployment numbers back in the good 'ole days when unemployment was 5%?

 

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